Effingham, IL is a small town located in the midwest with a unique charm and friendly community. The cost of living in Effingham is much lower than the US average particularly when it comes to rent as 2 bedroom apartments cost an average of $770 per month versus the US average of $1,430. This makes it an ideal place for those looking to save money while still enjoying a safe and pleasant lifestyle. The grocery cost index in Effingham is 95 compared to 100 in the US, further demonstrating that costs are generally less expensive than the national average. Local companies in Effingham include First Mid-Illinois Bank & Trust, ResourceMFG and Carle Foundation Hospital. Overall, Effingham offers an excellent quality of life at an affordable price.
Effingham has an unemployment rate of 4.5%. The US average is 6.0%.
Effingham has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.
Tax Rates for Effingham
- The Sales Tax Rate for Effingham is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Effingham is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Effingham
- The average income of a Effingham resident is $25,318 a year. The US average is $28,555 a year.
- The Median household income of a Effingham resident is $56,242 a year. The US average is $69,021 a year.